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Property profile & analytics
FOR LEASE
Warehouses
12330 Northup Way, Bellevue, WA 98005
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1704675
No photos on file
For Lease
$11,183/Mo
12330 Northup Way, Bellevue, WA 98005
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1980
Construction
WOOD
Total area
8,800 SF
Lot
0.83 ac (35,945 SF)
Zoning code
BR-GC
APN
282505-9079
UPID
US90-1704675
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Northwest Sweeping Inc. Bellevue Office Commercial Cleaning Service
-
Phillips Real Estate Real Estate Agency
-
AGM, Inc Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.46M
Owner & transaction history
Northpark Investors LLC · 5 yrs held
Northpark Investors LLC
since 2020
Last sale
$8.0M
4 recorded transactions
Zoning & alternative use
BR-GC · Bellevue, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bellevue submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bellevue submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$9,115,000
ML approach
$8,705,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.46M
Range $7.61M – $9.30M · ±10% · vs last sale $8.00M (Jul 31 2020)
Last sale anchor
$8.00M
Jul 31 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$961 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$25,439
Tax year 2022
Assessed value
$3,595,500
Assessed 2022
Previous assessed
$3,595,500
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$3,594,500
Assessed improvement
$1,000
Land market value
$3,594,500
Improvement market value
$1,000
Total market value
$3,595,500
Applied tax rate
330.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1980
Construction
WOOD
Heating
FORCED AIR
Stories
1
Total area
8,800 SF
Lot
0.83 ac (35,945 SF)
Zoning code
BR-GC
APN
282505-9079
UPID
US90-1704675
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
BR-GC · Bellevue, WA
Zoning BR-GC · permitted uses
BR-GC · Bellevue, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bellevue. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Construction
WOOD
Heating
FORCED AIR
Stories
1
Lot
0.83 ac
Current owner
From public records · entity-resolved
Northpark Investors LLC
Entity
Mailing address
2100 124TH AVE NE STE #100, BELLEVUE, WA 98005-1934
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2025
—
Northpark Investors LLC
—
Deed
related
$7,800,000 · Sound Community Bank
Jul 31, 2020
$8,000,000
Northpark Investors LLC
Pine Forest Business Parks LLC
Bargain And Sale Deed
$6,400,000 · Sound Community Bank
Dec 2, 2015
—
Pine Forest Business Parks LLC
Pine Forest Properties INC
Quit Claim Deed
related
$13,000,000 · Private Individual
Sep 15, 1997
—
Pine Forest Co
—
Deed Of Trust
related
$7,200,000 · Prudential Insurance Of Americ
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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